The market is dropping. All my previous ideas (SPY, IWM, DIA, .....) have been featuring this drop. However, BAC has a quite different chart compared to those so I guess I will post this one for reference, since we are having a big j confirmation red candle today.
I think we are on wave 5 down. the target is the red box. I will look for a finished setup 9 and then a complete sequential 13 to call the bottom for this drop.
Stop loss at yesterday's high.
Stay safe, traders!
I think we are on wave 5 down. the target is the red box. I will look for a finished setup 9 and then a complete sequential 13 to call the bottom for this drop.
Stop loss at yesterday's high.
Stay safe, traders!
